Pi Network (PI) Under Pressure After a 9% Drop: Can Buyers Regain Control?
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Pi Network rolled out two Pi App Studio upgrades — persistent backend storage for user-specific data and an AI-assisted App Planning phase — to improve developer experience and on-chain app adoption in the crypto ecosystem. Despite these upgrades, PI dropped over 9% to $0.1019 with daily volume up 48.06% to $14.05 million, RSI at 13.30 and MACD below its signal pointing to accelerating short-term bearish momentum toward support at $0.1002 and resistance at $0.1036, implying a likely short-term relief bounce but a weak macro trend for the token.
Predictions Markets
See what traders are focused on
- PI price is currently trading at the $0.10 mark.
- The short-term downward momentum is accelerating.
The Pi Network Team has rolled out two major updates to Pi App Studio designed to help developers create more interactive and functional applications. The first update introduces crucial backend support that enables persistent user experiences for all newly built apps.
This allows applications to securely save and retrieve user-specific data across different sessions. It ensures that a user’s progress and personalised settings remain intact whenever they leave the app and return later.
The second update introduces an AI-assisted App Planning Phase to streamline the initial development process. Before App Studio actually generates the final software, creators can interactively brainstorm and refine their raw ideas with the help of an integrated AI system.
Amid this, the PI price has registered a steady loss of over 9%, with its current value at the $0.1019 mark. In addition, the daily trading volume of the asset has increased by over 48.06%, touching $14.05 million, as reported by CoinMarketCap data.
Where is Pi Price Heading Next?
The current trading momentum exhibits bearish sentiment, with the red candlesticks on the chart. The PI price could retrace to its nearest support zone at $0.1002. A potential correction on the downside would initiate the death cross to form, and the bears send the price even lower.
If the PI momentum turns green, the immediate resistance might be at around $0.1036. A stronger move on the upside would further strengthen the bulls, and as a result, the golden cross would likely take place on the chart. Also, it could trigger the asset’s price to revisit its former highs.
When both Moving Average Convergence Divergence and the signal lines are below the zero line, the asset is locked in a strong, long-term bearish markdown phase. As the MACD line is positioned below the signal line, it shows that the short-term downward momentum is actively accelerating.
Sellers are aggressively driving the price lower, and the downtrend is picking up speed rather than slowing down. Traders may wait for PI’s MACD line to cross back above the signal line as a first sign of stabilisation.
Moreover, the daily Relative Strength Index (RSI) reading resting at 13.30 hints at its extreme oversold territory. The value dropping below 20 is highly washed out, where the sellers have reached near-exhaustion. The asset is due for a relief bounce or some sideways consolidation.
It signals that a short-term upward reversal or pause in the sell-off is highly likely soon, though the macro trend remains deeply weak until a structural market structure shift occurs for PI.
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